Construction in Romania – Key Trends and Opportunities to 2020

In real terms, the Romanian construction industry registered limited growth during the review period (2011-2015), due to low investments in construction projects during 2011-2012. Corruption allegations against politicians adversely affected investor confidence. The industry recovered in 2013 owing to the adoption of anti-corruption reforms and gradual improvements in the country's political conditions. Consequently, the country's construction industry posted growth of 5.0% in real terms that year.

The industry is expected to expand over the forecast period (2016-2020), driven by improvements in investor confidence and subsequent funding for infrastructure, residential, commercial and industrial projects.

The government's Transport Master Plan, First Home program and Rural Development Program (RDP) will support industry growth over the forecast period.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.28% over the forecast period; up from 1.42% during the review period.

Over the forecast period, the government's efforts to improve transport and residential infrastructure will support industry growth. In addition, the government's aim to develop local energy resources and is expected to support investments in energy infrastructure projects, which will fuel industry growth.

Assess market growth potential at a micro-level with over 600 time-series data forecasts.

Understand the latest industry and market trends.

Formulate and validate strategy using Timetric's critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

Key Highlights

To improve transport infrastructure and promote economic growth, the government is planning to implement the transport master plan, which was approved by the European Commission (EC) in July 2015. Under this program, the government announced its intentions to invest RON190.4 billion (US$47.7 billion) to develop road, rail, water and air transport infrastructure until 2030.

With the aim of achieving self-sufficiency in energy production, the government is planning to invest RON491.0 billion (US$123.0 billion) under the energy strategy 2015-2035. This plan includes investments in energy, oil and gas, and mining infrastructure by 2035. To replace the aging energy production plants, the government is planning to add two new units to the nuclear plant located in Cernavoda, with an investment of RON29.5 billion (US$7.4 billion).

To develop small-scale rural infrastructure, the government is planning to invest RON36.7 billion (US$9.2 billion) under the RDP until 2020. This includes investments for the improvement of local road infrastructure for agricultural purposes and forestry roads.

With the aim of improving access to healthcare services, the government implemented the Health for Prosperity (2014-2020) National Health Strategy. As a part of this strategy, it seeks to promote healthcare as a key determinant for the development of economic and social conditions. Under the strategy, community healthcare will become cost-effective.

The World Bank granted a RON949.2 million (US$283.4 million) loan in March 2014 to help Romania improve and enhance its healthcare system. Effective until 2020, the project aims to improve efficiency, quality and access to public healthcare services by developing hospitals and the healthcare service-delivery network.

Did you find what you are/were looking for
?
If not, read below and browse through other relevant pages for similar market research
reports OR get in touch with us through the form/contact info in your right navigation
panel and well share relevant market report titles for you to explore.

“Increasing adoption of automation solutions and increasing need for supply chain integration are the major drivers for the packaging automation solution market.”
The packaging automation solution market was valued at USD 28.39 billion i...

Research Support / Custom Research

If this business study does not have the data and information analysis you need,
contact us with your research requirements. We explore available market research
reports to map your needs and share report titles with you. Alternatively, we can
also offer custom research that suits your budget and timelines. Share your information
requirements here.

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.